Let’s face it, shopping for health insurance is confusing and often frustrating. It doesn’t help that there seem to be a million plans on the Exchange to choose from. Friday Health Plans offers $0 Deductible plans, and you may see other companies offering similar plans. Here's what you need to know about $0 deductible plans versus regular deductible plans and what you might consider when thinking about the best plan for you or your family:
Think of it like a la carte meal vs. a combo meal. A regular plan with a deductible cost is like a combo meal. When you need to see someone for your health, you know the price. Say you’re in a car accident and find yourself at the hospital. You know that cost. But if you go to the hospital on a $0 deductible plan, you have the base cost. Then you must pay for individual services just like you would for a side in an a la carte matter, such as lab testing, surgeon fees, more days, drugs, etc.
Buying a $0 Deductible plan is excellent if you know you'll be using your plan a lot in the next year. Purchasing a plan with a deductible is good to cover you for basic needs and be there for you in case of an emergency.
